Trump was asked about his intentions during a news conference at the Trump Tower on Fifth Avenue Thursday with Georgian president Mikhail Saakashvili. The two were announcing a luxury development project on the Black Sea.

“We have tremendous natural resources in this country when you talk about the oil shale, when you talk about natural gas, and we’re not using it,” Trump said. “People understand this and people know that we’re not being properly led.”

Trump reiterated his plan to announce in June whether he will seek the Republican nomination to challenge President Barack Obama in 2012.

Trump said he has great relationships with business and political leaders around the world.

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